John Keells unveils Cinnamon Life at City of Dreams Sri Lanka
The Morning: The John Keells Group opened doors to Cinnamon Life at City of Dreams Sri Lanka.
With the John Keells Group investing over $ 1.2 billion, this is the largest and most ambitious private investment in the country which will redefine the country’s tourism landscape, catering to a diverse clientele creating South Asia’s most dynamic destination for business, leisure, and entertainment.
Cinnamon Life at City of Dreams Sri Lanka will encompass 687 luxurious rooms, and offers multiple entertainment venues, including ballrooms, high-tech event, and conference facilities, with the capacity to host over 5,000 guests in multiple locations across its various unique spaces.
This makes it the largest event venue in Colombo, setting a new standard for gatherings, hosting international conferences and large-scale events, positioning Colombo as a premier destination for global MICE travel.
With a dedicated team of over 1,500 professionals, including 250 chefs, Cinnamon Life promises an extraordinary culinary journey.
While Cinnamon Life at City of Dreams Sri Lanka opens tomorrow, the shopping mall and entertainment areas, including the gaming facility, and the 113-key ultra-luxury ‘Nuwa’ hotel are scheduled to open in mid-2025, marking the final phase of this landmark project.
John Keells Group Chairperson Krishan Balendra said: “City of Dreams Sri Lanka is an iconic project that was conceived over a decade ago; a one-of-a-kind venture that will undoubtedly convert Colombo into a preferred destination for leisure and entertainment in the region, offering best in-class lifestyle, shopping and entertainment spaces. The Group is confident that the convergence of all elements in the launch of City of Dreams Sri Lanka will unlock its full potential as a transformative development in South Asia and be a catalyst in creating tourism demand, foreign exchange earnings for Sri Lanka and generating employment.”
The ‘City of Dreams Sri Lanka’ project, once all components are in full operation, is expected to generate over 20,000 direct and indirect employment and community engagement opportunities.
This development is part of the Group’s broader strategy to position Sri Lanka as a leader in the regional and global marketplace.
OSL take:
The unveiling of Cinnamon Life is a clear indication of Sri Lanka’s growth and business potential given the overall economic expansion experienced by the country after facing the brunt of an economic crisis. The strength, resilience and growth of Sri Lanka’s economy after facing an economic crisis in the past few years stands testament to the fact that the country presents an ideal business destination in the South Asian region. The country’s strategic position in the Indian Ocean, the strong trade ties and the target of becoming a regional hub have all boosted Sri Lanka’s image as an emerging business/investment destination in South Asia. All these developments have also resulted in the overall expansion of business/investment opportunities in all key economic sectors in the country. However, the ongoing expansion in Sri Lanka has also caught the attention of foreign businesses/investors who are continuing to explore the opportunities in the country and engaging with the authorities. They are also looking at possibilities of forming partnerships or joint ventures with local businesses with the aim of further expanding operations locally and internationally.
| Article Code : | VBS/AT/20241016/Z_2 |